The Securities Regulatory Commission agreed to register an IPO on the Corruistontium Science and Technology Innovation Board

The Zhitong Finance App learned that on September 4, the Securities Regulatory Commission issued the “Approval to Register the Initial Public Offering of Shares by Guangdong Keruistron CNC Technology Co., Ltd.” According to reports, Ke Rui plans to be listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange. Cathay Pacific Haitong Securities is its sponsor and plans to raise 719 million yuan in capital.

According to the prospectus, Coristron is mainly engaged in R&D, production and sales of full direct drive CNC machine tools and CNC system products. It is a leader in full direct drive CNC machine tools in China. It is also one of the few domestic enterprises that also have PWM type CNC systems and bus-type CNC systems, and both types of CNC systems have formed large-scale sales.

Up to now, more than 20,000 sets of CNC system products have been sold and used. They are used in precision milling machines, precision grinding machines, three-dimensional five-axis lasers, force-controlled grinding equipment, and automation equipment. They have replaced mainstream CNC systems such as Germany's Siemens, Germany's Heidenhain, Japan's Fanuc, and Japan's Mitsubishi, and already have a certain market popularity. Among them, the company's U series PWM CNC system successfully broke Germany's monopoly on the Chinese machine tool market. In the domestic machine tool market, German Heidenhain and Company is the main supplier of PWM CNC systems; in addition, due to its excellent performance and product stability, the company's N series bus CNC system has been successfully sold to many world-renowned automation solution companies, such as Fanuc Robotics.